LIC SUBMITS AFFIDAVIT

Dear friends,

I am forwarding you the affidavit submitted by LIC.  As expected LIC has not replied to SC/HC orders, nor replied to CCP 760/2010 the contempt petition filed by sh. Asthana against NON COMPLIANCE OF CWP 654/2007 which has been allowed by Justice Bhandari in his orders dated 12/1/2010 and the Supreme court has repeatedly ordered" NO STAY ON SJ Justce Bhandari's directions dated 12.1.2010.......".

SO FRIENDS, WE HAVE TO WAIT AND WATCH WHAT VIEW HON. JUSTICE RS CHAUHAN, RAJASTHAN HC, JAIPUR TAKES TAKES ON 6.2.2014. However, ONE thing is very clear that LIC seems to be under pressure of FM/GOI not to comply with SC/HC orders and they may have to face CONTEMPT on 6.2.14 at JAIPUR.

With Best wishes and regards,
H K AGGARWAL

AFFIDAVIT

I, M.R. Kumar, s/o Shri M.K. Ramasubramanian, aged about 52 years presently working as Executive Director (P), Life Insurance Corporation of India, Central Office, Yogakshema, Jeevan Bima Marg, Mumbai-400001, do hereby state on oath as under:-

1.  That I am one of the answering respondents, therefore, well conversant with the facts and circumstances of the present case and being authorized by the answering respondent No. 6 & 8, competent to swear this affidavit on the basis of record.

2.  That the answering respondents have deposited three demand drafts on different dates in the registry of the Hon’ble Rajasthan High Court Jaipur Bench, Jaipur and the details are provided hereunder:-

The aforementioned amounts were deposited qua petitioners in consonance with the Board Resolution dated 24-11-2001 and not in contravention to the same.

3.  That the aforementioned amount was deposited by the answering respondents in the registry of the Hon’ble High Court on the basis of amount calculated by the concerned department after preparing the calculation sheets in the light of the Board Resolution dated 24-11-2001 qua petitioners.  The photocopies of the calculation sheets prepared for calculating the amount due to the petitioners are submitted herewith and the same are collectively marked as *ANNEXURES – 1.

*not reproduced here.
(Only excerpts of affidavit reproduced)